AI Market Size Statistics (2025-2032)

Artificial intelligence (AI) is far from new. However, the emergence of AI chatbots like ChatGPT and Bard has thrust AI into the limelight.

As such, the AI market is booming and continues to grow year-over-year.

Below, we’ll focus on the growing AI market, taking a look at projected valuation and regional differences, among other aspects.

Contents

• AI Market Statistics (Top Picks)
• AI Market Size
• AI Market Growth Projections
• AI Market Growth Over Time
• Growth Drivers in the AI Space
• Key Players in the AI Space
• AI Market Geographic Breakdown
• AI Growth By Segment

AI Industry Statistics (Top Picks)

• The global AI market is worth over $600 billion
• The AI market is set to hit $2.74 trillion by 2032
• The North American AI market is worth over $51 billion
• AI healthcare is set to grow 17x over the course of this decade
• 88% of financial service companies increased revenue thanks to AI adoption

AI Market Size

According to the latest available data, the global AI market is worth approximately $747.91 billion.

That figure is up over $200 billion from 2023's $515.31 billion.

Source: Fortune Business Insights

AI Market Growth Projections

By 2032, the AI market is predicted to reach $2.74 trillion.  

That’s over 4x more than 2024’s figure of $621.19 billion.

Source: Fortune Business Insights

AI Market Growth Over Time

Between 2022 and 2030, the global AI market is expected to grow at a CAGR of 20.4%.

Here’s a detailed look at the AI market’s valuation from 2021 to 2032:

Source: Fortune Business Insights

Growth Drivers in the AI Space

Continuous investment in AI has fueled rapid technological advancements in recent years. AI has penetrated many industries including:

• Healthcare
• Automotive
• Financial Services
• Retail and Consumer
• Communications
• Entertainment
• Manufacturing
• Energy
• Transport and Logistics

AI’s versatility is perhaps its biggest pro. From behind-the-scenes algorithms to end-user integration, AI is fast becoming a staple across virtually every industry.

Source: PrecedenceResearch

Key Players in the AI Space

• Intel Corporation (US)
• Microsoft (US)
• IBM (US)
• Google (US)
• Amazon Web Services (US)
• Baidu (China)
• NVIDIA Corporation (US)
• H2O.ai (US)
• Lifegraph (Israel)
• Sensely (US)
• Enlitic (US)
• AiCure (US)
• HyperVerge (US)
• Arm Limited (UK)
• Clarifai (US)
• Advanced Micro Devices (US)
• Atomwise (US)
• Enlitic (US)
• Iris.ai (Norway)
• Zebra Medical Vision (Israel)
• OpenAI (US)
• Midjourney (US)

Sources: Precedence Research, Grand View Research

AI Market Geographic Breakdown

As of 2025, the North American AI market is valued at $51.58 billion.

Asia-Pacific is the next-largest AI market with a valuation of $32.89 billion, followed by Europe with $26.54 billion.

Here’s a breakdown of the regional AI market growth between 2018 and 2025:

Source: Tractica

AI Growth By Segment

Here’s how AI is growing across various key industries:

Healthcare

In 2023 the AI healthcare market was worth an estimated $20.65 billion.

As of 2025, this figure stands at almost double that ($38.66 billion).

And in the space of a decade, AI healthcare is predicted to reach a valuation of over $187 billion – around 17x 2021’s figure.

Here's how AI healthcare's market size has changed over time:

Chips

The AI chips market has quadrupled in value since 2021 ($10.8 billion), reaching $44.3 billion in 2025.

By 2028, it is predicted to have skyrocketed to $127.8 billion – around 12x growth in 7 years.

Here how the AI chips market has changed over time:

Finance

In the finance industry, AI has already contributed to significant revenue increases.

More than one-third (34%) of finance institutions reported revenue increases of over 20%.

While 51% of finance companies have increased revenue by at least 10% thanks to AI.

In total, 88% of finance firms saw revenue increases since the incorporation of AI:

Sources: Precedence Research, Stratview Research, Nvidia

Key Takeaways

AI is currently transforming virtually every industry imaginable. 

Consequently, its projected industry value is set to take off over the coming years.

For more related content, take a look at Top AI Trends and Amazing Artificial Intelligence Statistics.